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, americans. welcome to "the ed show" from new york. john boehner wants cost cutting details from the president? tonight, details on the speaker's shell game. this is "the ed show." let's get to work. >> the white house, this is not a game. i'm disappointed in what's happened. >> the speaker of the house is disappointed. he's also deceptive and dishonest. >> democrats have yet to get serious about real spending cuts. >> tonight, richard wolffe on today's nonsense from republicans and where a deal on the fiscal cliff stands. and former health insurance executive wendell potter on what obama's proposed $340 billion in medicare cuts will mean for seniors. >>> vice president joe biden stumps for the middle class at a retail store that treats its workers right. i'll talk costco and fiscal cliff with steve greenhouse of "the new york times." >>> plus hostess executives tank their company and cost the people their jobs. so why are they still demanding millions of dollars in bonuses? >>> and we'll tell you how senator john mccain fits in with congressman louie gohmert's latest conspiracy
is going to give and what his client's not going to give. we all know john boehner. john boehner's a deal maker. i didn't -- i liked him personally, but i never trusted him in congress because, you know, he liked making deals. that's what we need right now. the president can only push him so far. or he loses his caucus. and this is not about john boehner kicking and screaming. this is about him knowing what he can deliver. >> i understand that. john boehner has, and eric cantor and a paul ryan problem, he's got to keep them on board as his key guys. he can only go so far. i would guess that they're the ones holding the pen when he wrote, "i will not raise rates" in that letter he sent to president obama. but the problem is, we can agree or disagree with the president's position. i honestly take the president at his word. i do not believe there will be a deal here without some increase in tax rates for the top 2%. it doesn't have to be all of it, but some of it. i think the president has changed his tune a bit from the way he's handled some of these other negotiations. and take everything
. speaker john boehner meets this morning with house republicans who are angry at his new pitch to raise $800 billion in tax revenue in the fiscal cliff negotiations. president obama has said there will be no deal unless taxes are raised on the wealthiest americ americans. but staunch conservatives don't want any kind of new taxes. that's where speaker boehner's job gets really tough. on piers morgan tonight newt gingrich said if all else fails, go over the cliff. >> i think that no deal is better than a bad deal. i think going off this cliff is less dangerous than letting things build up for a year or two years to an even bigger cliff. i think that the president clearly has staked out a position of nonseriousness. and i think that it's very difficult for the house republicans right now to find any practical way to get his attention. so, he just won an election. he is feeling very good about himself. he is posturing brilliantly, putting the republicans in a corner. they need to relax. they don't have an election until november 2014. >> senior congressional correspondent dana bash joins m
and speaker john boehner explained, as only he could do, what is the tree is all about. >> we will bring lights to the tree that flourishes as a symbol of everlasting life. this tree will bring light to us, opening our hearts a little more than to the needs of our neighbors. >> that's terrible. >> who need life. >> one sentence, he can't get it out. >> surely such as in america with their books and such as in iran iraq and afghanistan. in as. >> maybe they couldn't get the teleprompter up that high. >> i thought it was weird when they said, okay, it's now time to light the tree and he flicked a cigarette butt on it. whoops. sorry. >> actually, he had help lighting the tree from an eagle scout. so here are the two of them doing job here. >> 3, 2, 1. scholte [crowd cheers. cadillac. >> i am upset he couldn't sing. i wanted to hear john boehner. >> he is a plant in the war on christmas. i look for it everywhere now. i have to. when you are at war? it's everywhere. you have to keep your eyes out. >> did he call it a holiday tree or christmas tree sne. >>
speaker john boehner dealing with division in the gop's ranks to his budget plan. we've got a shanghai surprise. china's mainland markets up over nearly 3% after beijing's new leaders called for economic stability and new business growth. and it looks like more austerity for britain. george osborne getting ready to release his autumn statement. >>> nokia shares a little bit high today. they are teaming up with china mobile, giving access to the world's biggest mobile phone markets. >>> if you just got up, very warm welcome to the start of your global trading day. stocks are on the front foot this morning. this is where we stand with u.s. futures. currently called up around about 30 points higher. the dow down, what, 13 points? the nasdaq called up just under 40 points. the s&p 500 at the moment is called up just over three points. it was down two points yesterday. european stocks doing a little built better. they were as flat as a pancake, as i've been saying. as flat as my pancakes. we have just come down from higher levels. the ibex up .2 of a percent. overnight we saw china leadersh
irresponsible. for all this and more joining us now is katie pavlich. what speaker john boehner has always said, a dollar tax increase, a dollar spending cuts. >> president obama who jay carney represents during his daily press briefings at the white house wants an unlimited debt limit. he wants no debt ceiling on the amount of money that he can spend. so jay carney is taking shots at john boehner who has said look it's not a serious discussion about how we're going to solve the fiscal problem unless of course we match spending cuts to the number of dollars we increase in the debt limit. >> do you think that could pass congress in all seriousness? no more debt limit? no more power of the purse strings? >> no. >> that's insane. i think it's in the constitution. >> yes. and although president obama this because he got re-elected has he had has a mandate to do whatever he waumpbts, he forgets that the house republicans were also re-elected to kind of hold the line on spending. so no, i don't believe that would make it through congress. >> what about this utterance by the president today? instead o
. john boehner gained strong backing of the house gop. they actually say that the speaker's more powerful today than he has been since he became speaker two years ago. >> well, that's exactly the opposite of what we were discussing on the set yesterday with matt lewis. >> yeah. i guess one question is, is that story there for a purpose, which is to make him appear stronger, and also, is he strong in relation to the offer that's on the table, which is an offer that does not reflect compromise yet? >> well, he is strong, i think, as long as he's not seen as bowing down and caving in to the president. i will tell you, there are conservatives dair a s -- erick who is trying to get him removed as speaker, saying they only need 16 votes to drive john boehner out of time. >> that's kind of my point. >> a situation described as very fluid. >> how many degrees of freedom does he have from where he is now and who's holding the pen when they sign those letters? >> yeah, i don't think he's got a lot of freedom. harold, what do you think? >> i hope he stays strong for the simple reason that if and whe
-down with the speaker of the house, john boehner, mr. speaker boehner came out and told reporter that is the treasury secretary offered no new substantive plan and would not address the issue of spending cuts at all. as we reported on this show yesterday, it is no longer clear that the white house even wants spending cuts in this initial deal. it wants solely tax hikes, or at least that's all that it's been talking about x that now -- that dichotomy -- is becoming a big issue. here's the speaker. >> two weeks ago we had a very productive conversation at the white house. but based on where we stand today, i would say two things. first, despite the claims that the president supports a balanced approach, democrats have yet to get serious about real spending cuts. and secondly, no substantive progress has been made in the talks between the white house and the house over the last two weeks. megyn: well, meantime, senate majority leader harry reid argues he is still waiting for a reasonable proposal from republicans. this all comes after a leading voice on debt taxes and spending warned about the cost of n
our economy. >> reporter: republicans led by house speaker john boehner says he should quit campaigning and take care of the business at hand. republicans say they are willing to consider raising more revenue but they want to see spending cuts to go along with it. >> we need to hear they are willing to make spending cuts now, not promises of spending cuts sometime if the future. to me the tidal waves that are coming at us is social security and medicare and the new health care law. >> reporter: now house democratic leader nancy pelosi is calling the speakers to bring the tax to the floor by tuesday or she will try to force a vote. boehner is not likely to buckle under pressure so it seems like a standoff. >> gregg: sfuaf. what a surprise? they want to resolve this fiscal crisis or lack in his real compromise. john boehner is leading an attack on the lack of progress. >> there is a stalemate. let's not kid ourselves. it was not a serious proposal. so right now we're almost nowhere. >> gregg: almost nowhere. how about that? staff writer for roll call joins us live. the preside
: i know but they are going to have to do that. also, john boehner -- this proposal has $160 billion less than he offered before the election and also raises the money taken out of medicare and medicaid by $62 billion. how democrats or anybody could except that -- could accept that. the average folks here in america do not want to pay their fair share. they cannot argue the point that everybody has to give a little bit more to help us eliminate some of this debt and keep the country going in a positive direction. host: did you see the reaction from harry reid? caller: [laughter] host: let me read a portion of that. that is what the democratic leader in the senate had to say about yesterday's counterproposal put out by house republicans. we noted in this letter sent to the white house from the speaker also includes the signatures of paul ryan as well as eric cantor and the rest of his leadership team seems to be on board. here is the chairman of the republican study committee's statement. so here are the opening offers in "the washington post." time." there is the side-by-side in the
might be stuck. a senior administration official told us that president obama and john boehner had a phone wallace night and politico was reporting that the phone call was curt. they said on the call john boehner told the president to leave the tax cuts for the rich alone. the president says he doesn't want to do that. he's going to stick with his plan to raise $1.6 billion in revenue and if republicans have something better they should be specific now. eric cantor said republicans are already going further than they did in the same spot in 2010. >> we have done our part. we have put revenues on the table, something we didn't do two years ago during the debt ceiling negotiations. >> we've seen some positive developments in the last several weeks, in terms of what republicans have been saying about the need for revenue as part of a balanced package. the president will continue to make the case that that is essential. >> reporter: so both sides saying revenue is on the table, now the fight is obviously to figure out where it's going to come from, how the government is going to make m
barack obama get the nancy pelosis of his party? how does john boehner get the joe scarboroughs of his party to move from these positions that they have held for 20 years? to make a deal? this is a brave new world. i mean, it's hard for me to actually envision, as we get closer to it, that there are actually going to be republicans in the house of representatives that are going to have to run for re-election, saying something they haven't had to say for a generation. i voted to raise taxes, and here's why. how do they do it? >> i don't know how they do it, to be quite honest. i'll tell you what the nub of the problem is, and it goes to what we talked about a little bit earlier. you have the president saying, i want tax rates to go up now on the promise that a future congress is going to cut the spending that you want done 20 years from now. and that's just a bargain that's hard for a lot of fiscal conservatives to swallow because that has been, as you know, joe, going back to certainly your time in congress, the deal that's always been bargained that's never been fulfilled. and so i do
battle facing this man republican house speaker john boehner within his own party. as he tries to negotiate a deal do avoid that fiscal cliff. >>> time now is 6:08. let's check in with tara. what are you keeping an eye on? >> in san francisco we have issues actually with some backup. spinout near hospital suffer on 101 southbound and there are several cars that are in the fast lane and definitely having an impact on traffic. right now let's take a look at our maps. we can show you where we have other accidents brewing here. 280 northbound. and then we have flooding in the two right hand lanes. so be aware of that. and then if we head over to the oakland care you can -- oakland area we have slowing through the richmond area. we also have this accident still being cleared here at buchanan street and a stalled truck on 24 near the caldecott tunnel. if we take a live look at the bay bridge toll plaza, we have a lot of rain out there. the metering lights are on. you're looking at an extra 15 minutes to get into san francisco. here's a look at highway 24 live. that stalled truck coul
a nonstarter. house speaker john boehner saying this is not serious. cantor echoing those remarks. they say they want to see fewer taxes and deeper cuts to entitlements. the white house is saying, okay, put your plan on the table. so they're waiting to essentially hear from republicans about what their plan is to reform entitlements. as you mentioned, president obama as part of his strategy out on the road today in the suburbs of philadelphia really trying to turn up the heat on congressional republicans to get on board with his plan to increase taxes on wealthier americans and republicans have been firing back all day long. but the clock is ticking. there is not a whole lot of time left here. you remember there was that sort of harmonious tone that came out of the first meeting that president had with congressional leaders. right now we're look at a stalemate. john boehner call this had a stalemate earlier today. president obama doesn't have any specific plans that the white house is reading out to talk to congressional leaders, but they say he will remain in contact with him in the coming
tomorrow. we'll have an exclusive interview with john boehner, as well as interview with treasury secretary tim geithner. that is president obama's lead negotiator in the fiscal cliff talks. it's all happening tomorrow on fox news sunday. check your local listings for the time and channel in your area. >> rick: speak of the president, we could soon be learning who he wants to have serve in his administration in his second term. source telling fox news, a slate of nominations could be coming this month and that would likely include a replacement for the defense secretary, leon panetta, and if that does happen, it will come a little sooner than a lot of people had expected. the short list reportedly includes former republican senator chuck hagel, deputy defense secretary ashton carter, michelle floroni, a top official and democratic senator john kerry >> arthel: a reported murder-suicide rocking the nfl today. police say kansas city chiefs linebacker gentleman von belcher shot and killed his girlfriend this morning. he than drove to arrowhead stadium where he killed himself in front of his co
speaker of the house john boehner said, let's not kid ourselves there's a stalemate. >> i think we're going to get there. i mean, just inevitably a little bit of political theater. sometimes that's a sign of progress. i think we're making some progress, but we're still some distance apart. what's at stake here is very important. we're trying not just to prevent a tax increase on 98% of americans, we're trying to go beyond that's going to be good for the long term american economy. >> but you said you're getting closer, they're saying you're getting much farther apart. they say that this is not a serious proposal. >> we have a very good plan. we have a very good mix of tax reforms that raise a modest amount of revenues on the wealthy 2% of americans. combined with very comprehensive, very detailed savings that get us back to the point where the debt is stable and favorable. if we can do that carefully, we can invest in things to make america stronger. we can rebuild infrastructure. we think those are good investments in america and we think we can afford them. >> let's look at an ou
interview since the election, president obama rejected a proposal from house speaker john boehner. he spoke on bloomberg television. >> unfortunately the speaker's proposal right now is still out of balance. i'm happy to entertain other ideas that the republicans may present. but we are not going to simply cut our way to prosperity or to cut our way out of this deficit problem that we have. we're going to need more revenues. in order to do that, that starts with higher rates for the folks at the top. >> reporter: the president did say today he would consider lowering rates again for the top two percent next year as part of a broader tax overhaul. the house republican plan envisions $2.2 trillion in deficit reductions over the next decade. $800 billion would come from new revenues but with no hike in tax rates for top earners. instead the plan relies on $1.2 trillion in reduced spending including $600 billion from changes in medicare and medicaid. at the white house today, the president met with a bipartisan group of governors pressing his own plan for deficit reduction. that proposal, $1.6
but not a lot. >> reporter: that's right. the speaker of the house john boehner made a point today to say there is not much time between election day and the end of the year. he thinks the white house has already wasted weeks because he does not think the proposal to avoid a fiscal cliff is serious one. negotiations here are nowhere. another republican, senator lindsey graham thinks he thinks things are heading down hill. >> i think we are going over the cliff. it's clear to me they made a political calculation. the offer doesn't deal with the entitlement reform to save the medicare and medicaid and social security from imminent bankruptcy. it raises $1.6 trillion on job creators to destroy the economy. no spending controls. >> reporter: treasuresy secretary tim geithner advocated for clinton era tax rates and wants top earns to pay 39.6%. he said when that was the rate in the '90s there was was good economic growth and strong private investment. said republicans would rather raise revenue closing the loophole and limiting deduction need the time to realize that might not bring in enough
president obama. but house speaker john boehner says it's not a series plan. >> i was flabbergasted. i looked at him and said you can't be serious. i just never seen anything like it. >> if they are going to force higher rates on virtually all americans because they are not allowing tax rates to go up rob 2% of americans that is something we will have to face. >>> attorneys for oscar grant's family -- grant was shot and killed by police officer johannes mehserle on new years day back in 2009 in two oakland civil rights attorneys will argue before the ninth circuit court of appeals in san francisco that bart police officers should not receive legal immunity. last year a federal judge ruled to let the suit go forward but the officers appealed that ruling to the ninth circuit court. >>> this is day seven of a strike by clerical workers. contract talks between the workers and shippers at the ports of los angeles and long beach have resumed. the walk out by the clerk has dramatically slowed activity at the ports. dock workers are refusing to cross the picket lines. >>> oak 4:36 now. much qu
. >>> and house speaker john boehner discussed fiscal strategies with president barack obama in a phone call. this comes as another republican is ready to break ranges. he said he could support president barack obama's demand for an increase in tax rates as part of a comprehend sufficient plan -- comprehensive plan to cut the federal deficit. some are looking for ways to save faces a they give in. >>> and maintenance costs, used by state lawmakers, at least a douse member of the legislature had repairs on those vehicles and repairs were made before lawmakers used them for their personal use. in any case the costs were thousands of dollars. >> only state in the country finally ended this program and they saw some abuse and they saw voters did not like the program and that it was a perk they could give up. >> starting this year, lawmakers are not issued any cars anymore instead they are. >> paid a moulin rate -- mileage rate for using their own vehicles. >>> now here is a look at items where they recently confiscated them from the burglary ring. investigators have arrested two brothers and a w
,000 of their income. >> but republicans led by house speaker john boehner said the president should quit campaigning and take care of business and some suggest that the president is playing a dangerous game of political brinksmanship. >> i think that the democrats and the president view it to their advantage to run the clock out and dangerously close by the end of the year. if there's a break through, in a short manner, takes a while to get proposals scored by the budget office and legislation drafted. if we were going to act on something until the end of the year, you can't wait until christmas day and hope to pass by new years day. >> reporter: and the latest round of political maneuvering involves pressure from nancy pelosi, democratic leader in the house, to be extend the middle class tax cuts, a bill approved by the u.s. senate. see where that goes. >> jamie: steve with the latest. thank you, kelly has more now. >> kelly: indeed we do. for more on the fiscal cliff stalemate. let's bring in angela mcglowan, and dick, from the south carolina democratic party. look, i've got the questions prepare
tougher in going after speaker john boehner's latest proposal in saying it simply doesn't add up. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and fairy dust. >> the bottom line is the president and speaker boehner have not spoken now in several days. so there is really no signs of progress. there has been some discussion that look that's just happening in public. behind closed doors maybe they are gaining some ground, i have spoken to some top white house officials tonight some top republicans on the hill they say in private they are not making progress either, shep. >> shepard: republicans say they have offered some compromises. >> they have in the sense that speaker boehner with his policy late yesterday put $100 billion in new tax revenue on the table. that was a concession by him but not far enough as you noted for the white house because the white house wants him to not just raise tax revenue by limiting intuctions and loopholes and the like. they want to see tax rates go up but republic lea
, according to the republicans, unserious, it flabbergasted the speaker of the house, john boehner. though tim geithner went out yesterday and said, that plan that we're pushing? it's a good one. here he is. >> we think that's a very good set of proposals. we think that's what's good fort economy. if they've got different suggestions, they want to go further in some areas, they should lay it out to us. >> i think we're going over the cliff. it's pretty clear to me they've made a political calculation. this offer doesn't remotely deal with entitlement reform in a we to save medicare and medicaid and social security from imminent bankruptcy. it raises $1.6 trillion on job creators that will destroy the economy and there are no spending controls. i'm serious about revenue. you can limit deductions to 40 or $50,000 a person, which takes care of the middle class, upper income americans will lose their deductions and raise about 800 billion dollars in revenue. but i'll only do that if we do entitlement reform and the president's plan, when it comes to entitlement reform is just quite frankly, a joke
of john boehner and plan. those tea party-backed conservatives say this is something that would help job growth. clearly what we're seeing here is republicans are not speaking with one voice. >> republicans should not be conceding that the federal government needs more money, negotiating with ourselves and treating the president's proposal like it's serious. >> we do agree that 8% of the american people are getting about 80% of this tax cut shouldn't have their taxes raised. my suggestion was let's take the one area we agree and take it off the table. >> but zoraida, as you saw there from the president earlier in that bloomberg interview, he is digging in, saying there can't be a deal unless upper income americans pay more. middle-class americans should get the bush era tax cut extension. is he not backing down from that at all. the president saying in that interview that he's not being stubborn. he's not being partisan but rather that it's, quote, a matter of math. >> we've been talking now for a while that americans blame republicans if a deal doesn't go through. new polling shows amer
in the phone call between speaker of the house john boehner and president of the united states, barack obama. did they come to a conclusion. it is now the president's turn. >> brian: it is a week since the president and speaker talked. i do not know at of this moment who called who. >> steve: we know no details. >> brian: it is good there is no details. i just talked to the president and he's not listening to me . i talked to the speaker and he dug in. that is a good sign. >> steve: keep in mind, the last offer on the table was made by the republicans. the republicans are waiting for a counter offer. the white house said that is not serious, we are waiting for a offer from the republicans. tim geithner was on cnbc yesterday and asked whether or not the federal government is preparing to go off the fiscal cliff in particular this administration. he answered unfortunately in the affirmative. here's tim. >> if republicans do not agree to that is the administration prepared to go over the fiscal cliff. >> we face no prospect of agreement that doesn't involve the rates going up on the top two per
skirmish here between the speaker of the house john boehner and erskine bowls. boehner said this was based on a report that bowles laid out. bawls said no. he said the approach laid out does not represent the simpson-bowles plan or the bowles plan. in fact what bowles is is that the speech that boehner based his proposal on was something that bowles had laid out in the middle of the negotiations last year as the mid-point between two sides but bowles is saying today that the mid-point has changed, a lot has changed since last year and it's up to the negotiators to figure out where that mid-point is and where and if they can get a deal, larry. >> we'll leave erskine bowles to his own devices. this is not perfect. i'm not writing it. it's not perfect. here's boehner literally bending over backwards, rising above partisanship and the white house just slaps him down. slaps him down. don't they know how bad they are starting to look? only on the basis that boehner didn't raise tax rates on the rich but does have a tax concession on deductions. this is getting pretty silly. if the president want
? >> reporter: we heard from speaker john boehner who said that treasury secretary geithner did not come with a substantive plan in terms of spending cuts. we know the republicans were hoping when the treasury secretary came here to capitol hill, that he would have laid out some serious spending cuts because the republicans are saying if we're putting revenue on the table, we need to see some serious spending cuts from the white house. i think it's important to note the difference between what is said in public and what is said in private. these meetings are held in private. in public lawmakers are sounding a little tougher. here's the senate majority leader on the senate floor earlier today. >> for four months house republicans have refused to act. instead, they've held the middle class hostage to protect the richest 2% of taxpayers, people who enjoy a decade of ballooning income and shrinking tax bills. >> reporter: so that is the public sentiment from the senate majority leader, blasting the republicans for not passing the tax cuts for the middle class. in private, though, it sounds l
in additional spending, what part of this plan is a balanced or bipartisan approach? >> i bet john boehner things the grand bargain was good deal last year. the chicken question is john boehner having to blink. president was able to get $1.6 trillion because it's coming from the increase on wealthy americans. we don't want 98% of americans tax rates to go up in the name of saving tax rates for the wealthy. so that is going to increase on wealthy americans, 60% of americans overwhelmingly support. the president won this election fair and square. american voters are clear on the mandate and support an increase in tax rates to balance this budget. >> that is not true. for the bush tax cuts to expire and top 2 percent even most generous estimate that is $90 billion more in revenue. not $1.6 trillion more in revenue even over ten years. even if you accept that larger number, the deficit is $1.5 trillion so, even if the republicans raise the you are giving $90 billion. where are you going to get the rest of it? it will have to come from entitlement reform and meaning spending cuts. >> it's comin
, the same group of governors will meet with john boehner. california governor jerry brown is not among the group. >>> 7:15. the owner of the drake's bay oyster company is plotting a legal response to the federal decision to shut down his operation. he said he will not give up. the operating permit expired last month at the national seashore. the company was told it will have to leave within 90 days and that area will return to wilderness. >>> oakland's largest pot club gets a key victory in court. a judge ruled that harborside medical center cannot be ejected and they cannot kick them out because it is not breaking state law. now, the landlord will decide again in federal court on december 20th. she wants them out because a federal prosecutor is threatening to seize the property. >>> southern california leaders are demanding that the county be reimbursed for more than $12,000. "the san jose mercury news" show that he used a tax-funded credit card to pay for casino stays, rental car upgrades. he said he will reimburse the county for many expenses within 30 days. but he's disputing some
then? it was interesting this weekend to hear, for example, john boehner on with chris l wallace on fox news saying we're nowhere. shouldn't they counter with the president even if they think it's a ridiculous offer? >> if i'm advising the republicans, which i'm not, i'd over a republican plan that's progrowth, pro job creation, get rid of grover, and say this is what we're for, mr. president. here's the plan. i would say let's bargain in good faith. >> the sunday talk shows, geithner saying republicans need to deal with it, and others it's a stalemate. do you think that's for show though? it seems like the deals in washington, at this time of the year happen at the 11th hour, last three years especially for taxes. >> could have been for taxes, but,,and the but is very important, if there's a frame work december 31st at midnight, it will be just that. the markets will, i think, react predictly, and that's not positive. if there's a recession because there's not a tax plan, we'll be hurt. >> that's the wild card; right? how the markets reagent to it because we don't know. >> we don't. >>
. there is a stalemate. let's not kid ourselves. that's the quote today from speaker of the house john boehner about the battle over the so-called fiscal cliff. that's the combination, of course, of spending cuts and exexpiring tax breaks set to kick in about a month from now. economists say it could cause another recession. today, the president visited a toy factory in pennsylvania to make his case for his plan. he is asking americans to pressure congress to extend tax cuts for the middle class right now. in fact, extend tax cuts for everybody for the first $250,000 of income. so the families won't have to worry about a new year's day tax hike. republic leaders say letting the tax cuts expire on income of more than $250,000 would hurt small businesses and, as they call them. job creators. let's get to ed henry who is with us from the white house tonight. president says the election proved most americans are on board with this plan. >> that's right. he, without using the word thinks he he basically has a mandate. even though the election is over, he is out campaigning for this again because he think
's people, but we see a new offer from speaker john boehner that he is not the house republican budget. they're trying to move more to the middle, and they believe this is the best way to do so, guys. >> on that $600 billion in health savings, do we have any clarity on what that would be? bahama ca obama care, medicare, medicaid? >> from the briefing it pertains to medicare and medicaid. the one specific thing we got is part of the health savings in the $600 billion mark would come from raising the medicare entry age from 65 to 67. something that the house republicans have talked about before. that is very much a big part of that 600 billion in health savings. >> thanks, luke russert, on the hill for breaking it down. let's go back to michael crowley. steve wants to get wonky with you. >> i haven't looked closely at this. what jumps out is the difference between obama saying he wants 1.6 trillion revenue and republicans say 800 billion in revenue. as luke said, not giving in on the issue of raising tax rates. they hold out this promise of tax reforms with loopholes and deductions. i don't kn
john boehner, who came out just a few minutes after the president spoke. he talked here on capitol hill a little bit about the stalemate that he sees these talks being at this point. sort of a glum take here from the speaker of the house. obviously he's saying that these negotiations not broken down. they continue to talk but a stalemate is the way he characterizeded that. so tyler, not great news here on capitol hill, but there's another week next week. we'll get another crack at this thing. >> eamon, thanks very much. where do we stand? are we any closer to a deal? we thought we'd give you our little guide with the daily spin on our "rise above" deal meter. as you can see, after today's dueling conferences, not so much. sort of a no deal. closer to the red side. we do still have some time, of course. >>> bob pisani, how are traders down here investing -- reacting to mr. obama and mr. boehner? >> it depends on what the headlines are. so the president said the clear majority voted for a balanced approach. but there's a lot of debate about what that means. representative boehner i though
meetings with john boehner. >> gretchen: it is annoying to see just a campaign. how many people are tired of a campaign speech. why not come to the table and figure it out. i don't understand it. >> steve: at this point, both sides know what they will give up. what their concessions will be. they don't want to go first. we are 33 days away from the official fiscal cliff and sailing off of it . in the washington post they describe a sense much gloom descending over the capitol, bowles meet and he sees one and three chance of an agreement before january. but mr. bowles had met with the president the day before and president had flexibility about that higher tax rate. he wants 39.6 percent. maybe he would take 36, seven,. >> brian: or raise the thres hold. >> gretchen: why would the president be in a negotiating position . he won reelection . >> steve: this is behind the scenes. >> brian: leverage we can go back to recession. you cannot blame george bush because he is in dallas. here is president obama yesterday and you heard from charles krauthammer. >> familis and small businesses can enjo
president barack obama to work on the fiscal cliff. they will meet with house speaker john boehner, governor jerry brown is actually not in the group. >>> white house is rejecting the republican fiscal proposal. and it is a counteroffer to the one president barack obama offered last week. coming up, what the white house says is missing in the republican proposal. >>> time now time to bring tara back. if anybody is headed for the bay bridge, what do you want them to know. >> if we take a live look, this happens in just a matter of minutes and i bet you it is going on right now. so give yourself extra time if you are headed into the city right now. we can show you 580 westbound and then also up in the pittsburgh antioch area, slow going there on highway 4 as you make your way towards concord. last but not least, 280 san jose and traffic is moving along pretty well. 6:07 here is steve. >>> cloudy skies, now last hour, there has been some light rain in mendocino and down to salina, it is cloudy and a few areas of fog. this system is considerably weaker than the one we have and it looks like we w
with congress to work on a solution to the fiscal cliff. in the afternoon they will meet with house speaker john boehner and governor jerry brown is not in that group. >>> tara is back, you know all about our commute, what is happening in pacifica. >>> well, to the northport tall bridge, they are able to stabilize that weak spot. right now we will take a live look headlights are flowing nicely as you make your way towards the mcarthur maze. up next, we have 880 up near the oakland coliseum, same story staff is flowing very nicely. it is dark up there but take my word for it, traffic is flowing nicely, 5:07 let's check with steve. >>> ukiah announced they can't hold a candle to what was there. heavier amounts will not be to the north. any rain on already saturated soil will need to be watched. one to two will cover it, i think this system will weaken considerably. it doesn't mean we will not get more rain. the pattern will change, there could be some morning drizzle in some of the higher elevations and rain in the north bay, you can see it there having returns near clover dale, winds near clover
's plan. and house speaker john boehner who described his phone call with the president wednesday night as disappointing was not impressed by the white house proposal. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. right now all eyes are on the white house. the country doesn't need a victory lap. it needs leadership. it's time for the president and congressional democrats to tell the american people what spending cuts they're really willing to make. >> boehner then raised the stakes by throwing the debt ceiling into the mix, suggesting that any plans to raise the nation's borrowing limit would have to be matched by spending cuts in the fiscal cliff deal. >> as i told the president a couple weeks ago, there's a lot of things i've wanted in my life, but almost all of them had a price tag attached to them. i continue to believe that any increase in the debt limit has to be accompanied by spending reductions that meet or exceed it. >> asking that a political price be paid in order for congress to do its job to ensure that
're never going to embrace that. >> but john boehner yesterday moved two tea party people off the budget committee. >> he better be careful because he could get fired very easily. >> i saw yesterday on twitter already there was a fire boehner -- >> he almost got fired last year. >> he's been on the bubble for some time now. although, i'm under the impression and reporting has suggested that the relationship between the two camps has gotten better. but clearly if you're eric cantor, why wouldn't you want to be speaker of the house? >> all right. >> all right. you guys are -- were you okay in the green room? nobody separated you two, did they? it was a civil? >> no, we get along. >> in the green room -- >> any bagels in there for you guys? >> no, we don't eat bagels. >> guys on monday got bagels. >> the bagels were there? >> it's all good. >> i judge what we think -- >> i'm jewish, when i walk into a room, i immediately know if there are bagels. >> did you get a tree? >> a holiday tree? >> yeah. >> you do? >> my wife says no, they're too messy. >> the christmas tree is the celebration of s
. i looked at him and i said, you can't be serious. >> what shocked john boehner and are we getting any closer to an agreement? look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect. rethink possible. reliability and ways to connect. because we know how much you do to make the holidays just right. from ornaments to ottomans, memories are made with ikea. >>> there's some thick fog, a little bit in the east bay and north bay. >>> new this morning, secretary of state, hillary clinton, warning that there is a redline for the united states if syria uses chemical weapons in thei
. and the cliff, which is becoming more of a slope, if they do that. >> reporter: john boehner met with house republicans. he's about to hold a news conference. he will be speaking in a few minutes. he's facing a potential revolt within his party if he caves to the pressure from the president and lets the tax rates go up. president obama is meeting with business leaders about all of this right now and we expect to hear with him -- from him within the hour. alison burns, ktvu channel 2 news. >>> 7:16. florida republican senator marco rubio said republicans should take a strong stand against president obama's plan to raise taxes on upper income americans. last night, he was honored with the jack kemp leadership awards and rubio said he's against the president's plan because he says it will hurt businesses and workers. [ applause ] >> this isn't about a pledge. it isn't about protecting millionaires and billionaires. for me, it's about the fact that tax -- the tax increases he wants would fail to make a small dent in the debt but it would hurt middle-class businesses and the people who work for
john boehner's office, not shown here, were interviewed for move minutes wednesday. solodad o'brien's first question was how did you get naked to the speaker's office? it can't be easy to get access and then take off your clothes. she closed the interview thanking them for keeping their clothes on in the studio. >>> feminist activist sandra fluke is auctioning off an hour of her time for a political strategy session. the college fix from the auction page social justice activist fluke will help you harness activism or advocacy. if the offer sounds temping it's worth noting it won't be a face-to-face meeting. 5 i sales are final. ample man arguably one of former presidential nominee mitt romney ardent supporters flip-flopped. eric heartsberg, the professional wrestler who inked the romney-ryan low ge on his face was going to keep it. he told politico he would never have it removed. now he is planning to laser it off. process could take a year. he was disheartened by the post election comments; particularly, that the president won because of gifts from various constituencies. it
interview with house speaker john boehner . check for when fox news airs in your mexico is swearing in a new president hours ago . people are rioting in the streets over the news and questions about what it means for the relationship between the u.s. and mexico. 46 year old taking the oath of office promising a national transformation and a new program to prevent crime. as we reported over the yoors, 60,000 people have died in the drug war in mexico. it means a return to the pri party. that party was voted out of office after years of corand various other crime. some people in mexico city are protesting at this hour and calling the new leadership of the party that ruled for a iron fist for decades. we'll get a look at how the leadership changed. it could affect the trade business. and the effort to curve the mexican drug war. that is coming up inside of the drug report. right now. >> police releasing murder dethat happened in plain view of students. computer science class saw a man on a rampage take out a teacher. that teacher saved lives in the very last moments of his life. >> and neighbor
view what makes sense for the country. >> meantime john boehner says that his party has a plan and he has already offered dozens of alternatives. >> you can cap deductions at a percent of income, that would be one way to get there. could you eliminate certain deductions for those wealthiest in our country. >> joining us on the topic is david walker. he's on his way here right now. >> and in global market news, a lot of talk about china this morning. a final reading of hsbc's manufacturing purchasing manager's survey for china rising in november, first time above the key 50 mark which indicates expanding rather than contraction. it's been since october of last year. also abroad greece announcing it will buy back bonds through a dutch auction. the set up whether allow athenss to assess the level of demand before setting a final bryce for the deal. part of the country's efforts to cut its about a along debt. and in germany, merkel is not ruling out the possibility of notifying greece some of its debt once athens finances are in better shape. angela merkel told a german tabloid that the q
they cave on that demand. john boehner was at the lighting of the if christmas tree last night. republicans are instead offering to close tax loopholes and limit tax deductions that favor the wealthy while extending current tax rates for the middle class. frustration is clearly growing on both sides. >> speaker's proposal right now is is still out of balance. >> we wasted an enormous amount of time here sparring back and forth in public. it strikes me as a good time to get serious about the proposals. >> reporter: a very big potential problem for speaker boehner even if he's willing to compromise with president obama, people within his own party are not are already saying they won't be willing to go along. i'll have more on that during my next update. reporting live from washington, d.c. alison burns ktvu channel 2 news. >>> controversial comedian katt williams says he's done. he's quitting stand up comedy after another run in with the law. >> i'm just going to go ahead and announce my retirement from stand up. i'm kind of done. >> katt williams made that announcement outside of a hotel sun
, president ratcheted up the lesh on john boehner. >> no one wants to have this done more than me. >> reporter: telling agencies to watch for massive spending cuts from going over the fiscal cliff and warped the business exectives the economy could take another hit if the republicans decide to extend the middle class tax cut to avoid the cliff for now. then come back with more leverage. to tie it to a hike in the debt ceiling. >> we are 23409 going play that game next year. if congress in any way suggests that they are going to tie negotiations to debt ceiling votes, take us to brink of default again, i will not play that game. >> republicans held their own meeting with small business owners denying they're trying to punt. >> i'll be here and available at any moment to sit down with the president to get serious abouting the problem. >> they noted the president has not scheduled any meetings with the g.o.p. leaders in weeks. not offered any counterproposal to boehner's plan from last week. >> a balanced approach the president has been asking for. now we need response from the white house. >> re
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